Examples of Severance Event in a sentence
The Cash Payment shall cover the Severance Period and shall be determined as of the effective date of the applicable Severance Event.
If a Severance Event, as hereinafter defined, occurs, Executive shall receive the severance benefits set forth in this Section 3D for a period of 12 months from the effective date of the applicable Severance Event (the "Severance Period").
Notwithstanding the foregoing provisions of this Section 7.01, no election to defer the commencement of benefits after a Severance Event shall operate to defer the distribution of any amount in the Participant’s loan account in the event of a default of the Participant’s loan.
Upon a Severance Event, the Executive shall forthwith deliver up to the Company all records, memoranda, data and documents of any description which refer or relate in any way to Company Confidential Information or Affiliate Confidential Information and return to the Company any of its equipment and property which may then be in the Executive's possession or under the Executive's personal control.
Termination by Cerner for other than an Ineligible Severance Event or Resignation following Constructive Termination.